Home Sellers' Tax Break Looms
For Relief From Two-Year Rule

SOME HOME SELLERS who may be concerned they owe capital-gains taxes are about to get good news from the Treasury.

Treasury and IRS officials are expected to issue an interpretation of a 1997 law that will increase the number of people who can avoid owing capital-gains taxes when they own a home for less than two years and sell it for a profit. The decision will be especially good news for people who sold because of such unforeseen circumstances as the death of a spouse or the Sept. 11 terrorist attacks.